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Chinese containerboard producer Lee & Man Paper reports H1 profit of HK$863M, down 57% from year-ago period, on revenue of HK$15.28B, flat from HK$15.18B a year ago; group developing vertical business model to cover pulp-making, waste paper recycling

Jiangxi Lee & Man Sanitary Paper Manufacturing will upgrade its high-speed crescent paper machine with equipment supplied by Baosuo's Baotuo subsidiary; project will retrofit the key part of the paper machine-the vacuum press part to increase dryness

RBC highlights paper products news for the week (March 27): Chinese pulp prices consolidating just below US$1,000/tonne; Nine Dragons, Lee & Man among Chinese board producers taking downtime amid rising COVID cases; RYAM raises fluff pulp prices in China

Lee & Man's 2021 profit down 11.0% year-over-year to HK$3.25B as result of rising input and transportation costs, tight supply of waste paper amid China's waste ban; revenue up 25.7% to HK$32.51B on rising pulp prices and demand for packaging paper

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